International Research journal of Management Sociology & Humanities
( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH
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AN ANALYTICAL STUDY ON THE RECENT TRENDS IN INTERNATIONAL COMMERCIAL ARBITRATION WITH REFERENCE TO ASIAN COUNTRIES
2 Author(s): DR. AARTI RATHI,MANISHA JANOO
Vol - 13, Issue- 12 , Page(s) : 117 - 125 (2022 ) DOI : https://doi.org/10.32804/IRJMSH
Under the Arbitration and Conciliation Act of 1996, international business arbitration may be initiated for contracts deemed to be commercial under Indian law. It is necessary, however, that either I one of the parties is not an Indian national or permanent resident, or (ii) one of the parties is a foreign entity. The paper is concerned about the International Commercial Arbitration, which is basically a commercial lawful relation between a party residing within the nation and another outside the territory of the nation which can be any organization, individual or administrative control.